A bank said on Monday, by a consortium of several banks failed to troubled DRAM maker ProMOS (ProMOS) new loans, although the latter is in great need of funds to pay its bonds. Bank of Taiwan (Bank of Taiwan) President Susan Chang told reporters that the meeting of the bank in-depth research, decided not to provide value to ProMOS up to 50 billion Taiwan dollars (1.46 billion U.S. dollars) in loans, "there are some new factors appears. "ProMOS has need money to pay back in February 14, 2007 issue of the value of NTD 11.0 billion of convertible bonds in Europe (ECB). However, the DRAM maker, said the company will allow the bond holders back from Tuesday to sell bonds to the promos, because the company is redeemed by some potential to obtain funds. Chang said, "every bank held a board of...
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